Tag Archives: The Fed

Here Is Why 5% Mortgage Rates Are A Long Ways Out

The direction of mortgage interest rates drive the housing market. We’ve been spoiled with ultra-low rates the last few years with many experts predicating  2014 was going to be the year of 5% rates, they were wrong. Here’s why we’re not going to be seeing 5% mortgage rates anytime soon. Ability To Procure Credit Reality […]

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The Fed Predicts Housing Rush To The Exit

Historically, as home prices rise, more sellers are enticed to put their homes on the market. This time, however, something is different. Prices have risen dramatically over the last 18 months, yet housing inventory has fallen. This isn’t how things are supposed to be. The important question is why. The answer will largely tell us […]

If You Prop Up an Artificial Economy Long Enough, Does It Become Real?

Guest post from Charles Hugh Smith. Does carefully nurturing a facade of health actually lead to health? No; all it does is perpetuate a destructive illusion. The policy of the Status Quo since 2008 boils down to this assumption: if we prop up an artificial economy long enough, it will magically become real. This is an […]

QE3 Announced. Expect Ridiculously-Low Mortgage Rates For At Least Three More Years

Via Calculated Risk: Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions. Furthermore, strains in global financial markets continue to pose significant downside risks to the economic […]

12 “facts” that “may” “surprise” you about the “housing bust”

Republished from Burbed. While the parent company of the Wall Street Journal, News Corporation, is getting a proper punching across the pond, let’s see how Rupert Murdoch’s business-as-usual cheerleader reports on the causes of The Second Great Depression. Twelve Facts That May Surprise You About the Housing Bust By Nick Timiraos, The Wall Street Journal, May 4, […]

San Francisco Fed: Housing Charts and Graphics

From the San Francisco Fed: To assist local efforts to prevent foreclosures and mitigate the impact of foreclosures on neighborhoods, the Community Development Department has prepared a series of presentations and maps detailing local data on delinquency and foreclosure trends in the subprime market. They offer several slides with captions that California home prices are […]